Kiona Company set up a petty cash fund for payments of small amounts. The following transactions involving the petty cash fund occurred in May (the last month of the company's fiscal year).

Required:
Prepare journal entries to establish the fund on May 1, to replenish it on May 15 and on May 31, and to reflect any increase or decrease in the fund balance on May 16 and May 31. (Round your answers to 2 decimal places.)

Kiona Company set up a petty cash fund for payments of small amounts. The following transactions involving the petty cash fund occurred in May (the last month of the company's fiscal year). Nay 1 prepared a company eheck for $350 to establish the petty cash fund. May 15 Prepared a company cheek to replenish the fund for the following expenditures made since May 1. May 15 a. Paid $109.20 for janitorial expenses. May 15 b. Paid $89.15 for mincellaneous expensen. May 15 c. Paid postage expenses of $60.90. May is d. Paid $80.01 to Facebook for advertising expense. May is e. Counted $26.84 remaining in the petty cashbox. May 16 Prepared a company check for $200 to increase the fund to $550. Kay 31 the petty cashier reports that $380.27 cash remaina in the fund. A company check is drawn to replenish the fund for the following expenditures made since May 15 . May 31 f. Paid postage expenses of $59.10. May 31g. Reimbursed the office manager for mileage expense, $47.05. May 31h. Paid $48.58 in delivery expense for producta to a customer, terms FOB destination. May 31 The company decides that the May 16 increase in the fund was too large. It reduces the fund by $50, leaving a total of $500. Journal entry worksheet 34 Prepared a company check for $350 to establish the petty cash fund. Note Journal entry worksheet Prepared a company check to replenish the fund for the expenditures made since May 1. Note: Enter debits before credits. Journal entry worksheet 1 Prepared a company check for $200 to increase the fund to $550. Note: Enter debits before credits. Journal entry worksheet Prepared a company check to replenish the fund for the expenditures made since May 15. Note: Enter debits before credits. Journal entry worksheet